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China Urges Pakistani Businessmen To learn Shanghai Financial Free Zone

SHANGHAI: China has urged Pakistani entrepreneurs to learn from the Shanghai Pilot Free Trade Zone (SHFTZ) aimed at opening up new economic alternatives and discover new markets for their products.

Inside the tower and packingBriefing a gaggle of Pakistani newsmen Director General Bureau of Exterior Communications of SHFTZ Wang Ying on the Financial Free Zone stated it was an vital part of the China’s One Belt, One Road project.

He said it might have quite a few advantages for Pakistan and would not solely increase their bilateral financial relations, but also present an opportunity to the Pakistani businessmen to introduce their products and increase their ventures outside of their borders.

The journalists have been on a brief-time period training program on the Renmin College, Beijing organized by the Chinese language embassy at Islamabad and was aimed toward enhancing mutual understanding and alternate between Chinese and Pakistani media.

The financial zone established in 2013 is unfold over in an space greater than a hundred and twenty km alongside the golden coast of the East China Sea contains is touted as opening of a new chapter in China’s opening up and embarking on a brand new path. It has natural gas fuel cell generator registered 23,243 corporations, 14,860 of them newly registered and 2,342 international-funded.

Wang Ying stated to date sixteen countries from the Central and Eastern Europe have their presence and pointed that particular services were being prolonged to overseas traders, in addition to a one-window operation to chop down business costs and time.

He said the strong bonds between Pakistan and China might be translated into stronger financial ties with the availability of a fashionable Free Trade Zone. He stated the Pakistani businessmen can increase their commerce by utilizing the facilities obtainable and enhance their portfolio. He urged the Pakistani media to highlight the opportunities for Pakistani entrepreneurs who would like to increase their reach past the borders.

He mentioned the zone has been specifically designed for the international locations; a part of the One Belt, One Street initiative and would boost the business opportunities of the businesses in the zone. He mentioned these companies can prolong their footprint in China and past.

The Director Normal assured that Pakistani companies can be fully facilitated and welcomed. He mentioned the SHFTZ would like to have a Pakistani pavilion together with these of different nations and said it would be a giant boost for Pakistani corporations.

The Economic Zone was established to target funding administration, trade facilitation, monetary companies and transformation of government capabilities. 4 bonded areas have been merged underneath it below the special administration of Shanghai Customs.

The Waigaoqiao Free Trade Zone, part of the SHTFZ has attracted thousands of corporations, making it the biggest special-administered area below Customs in terms of economic output and range of companies. It has grow to be an essential commerce heart in Shanghai, dedicated to building skilled trade platforms in a number of classes: watches, cars, engineering machinery, machine tools, medical gadgets, biomedicine, healthcare merchandise, cosmetics and cultural merchandise.

The Waigaoqiao Free Trade Logistics Park serves as a centre for multinational companies to export and supply merchandise in northeastern Asia, and can import non-ferrous metals and data technology parts. The Yangshan Free Commerce Port has attracted companies in industries resembling data technology, electronics, automobiles and auto components, meals processing and identify-model clothing. The port at the moment is the fastest rising and most profitable of China’s 15 free trade ports.

The Pudong Airport Free Commerce Zone functions as an “experimental space for innovative air companies.” Multinational firms in electronics, medical devices and excessive-end shopper goods have established distribution centers within the zone and change into concerned in associated financial leasing projects, while leading courier companies have developed a strong natural gas fuel cell generator enterprise chain of air freight distribution, monetary leasing, specific transit and exhibitions of Asia-Pacific commerce.

The media group also visited Sinopec, a number one international power and chemical company engaged in enterprise in oil and natural fuel exploration, manufacturing and buying and selling of petroleum products, refinement and advertising. It additionally offers with sale of chemical products.

They were briefed by a consultant of the corporate Ali about the corporate that has presence in over 70 countries, produces 10 billion cubic meters of shale gas, has over 30,000 gasoline stations and accounts for 40 % of China’s geothermal heated space in 16 provinces. Moreover it produces over 70 million tons 70. 32 billion cubic meters of pure gas, and a processing capability of 237 million tons of crude oil.

The media crew from Pakistan additionally had an intensive interaction with leading Chinese language personalities dealing with the Media, Mass Communications, Power, Schooling and Economy.

Earlier in a series of lectures in the course of the quick-time period training program at the Renmin College, Beijing , leading academicians highlighted the deep Sino-Pakistan ties and the significance of exploring new avenues of cooperation. The speakers termed China a land of financial miracle of 21st century and mentioned both Pakistan and China can benefit immensely by sharing experiences and optimally benefit from their essential location.

Professor Zhong Xin of Renmin University’s School of Journalism talking on ‘Chinese media business and international media cooperation highlighted growth of Chinese language media industry, together with newspapers, Television channels and online journalism. He said frequent interplay among representatives of media and different institutions helped improve cooperation between people of the two countries.

Executive Vice Dean University School of Public Administration and Coverage Professor XU Gyang Jian speaking on “Chinese Economic Progress, Challenges, and Reforms,” stated with committed and highly effective management, the13th 5- year plan (2016-20) highlighted the Chinese language financial progress and said change of financial structure was the essential function of economic progress as new reforms had been being carried out in China.He said China needs to further strengthen ties with Pakistan especially in media and training.

Delivering a lecture on ‘Belt and Highway Initiatives’, Affiliate Professor of Renmin College mentioned China was the second largest oil user and the largest person of power on the earth and was making an attempt to develop surroundings pleasant expertise. He stated CPEC mission would help change the destiny of complete area.

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